Report NEP-MON-2023-06-19

This is the archive for NEP-MON, a report on new working papers in the area of Monetary Economics. Bernd Hayo issued this report. It is usually issued weekly.

Subscribe to this report: email, RSS, or Mastodon.

Other reports in NEP-MON

The following items were announced in this report:

• Manjola Tase & Andrei Zlate, 2022. "Bank Deposit Flows to Money Market Funds and ON RRP Usage during Monetary Policy Tightening," Finance and Economics Discussion Series 2022-060, Board of Governors of the Federal Reserve System (U.S.).
• Mr. Yan Carriere-Swallow & Nelnan Fidèle Koumtingué & Mr. Sebastian Weber, 2023. "Inflation and Monetary Policy in a Low-Income and Fragile State: The Case of Guinea," IMF Working Papers 2023/084, International Monetary Fund.
• Isabel Gödl-Hanisch & Ronald Mau & Jonathan Rawls, 2023. "Monetary Policy Interactions: The Policy Rate, Asset Purchases, and Optimal Policy with an Interest Rate Peg," CESifo Working Paper Series 10399, CESifo.
• Hie Joo Ahn & Choongryul Yang, 2022. "Effects of Monetary Policy on Household Expectations: The Role of Homeownership," Finance and Economics Discussion Series 2022-065, Board of Governors of the Federal Reserve System (U.S.).
• BENIGNO, Pierpaolo & CANOFARI, Paola & DI BARTOLOMEO, Giovanni & MESSORI, Marcello, 2023. "The ECB’s new inflation target from a short- and long-term perspective," Working Papers 2023006, University of Antwerp, Faculty of Business and Economics.
• Sebastian Infante & Kyungmin Kim & Anna Orlik & André F. Silva & Robert J. Tetlow, 2022. "The Macroeconomic Implications of CBDC: A Review of the Literature," Finance and Economics Discussion Series 2022-076, Board of Governors of the Federal Reserve System (U.S.).
• DI BARTOLOMEO, Giovanni & SERPIERI, Carolina, 2023. "Optimal monetary policy and the vintage-dependent price and wage Phillips curves: An international comparison," Working Papers 2023004, University of Antwerp, Faculty of Business and Economics.
• Carrière-Swallow, Yan & Firat, Melih & Furceri, Davide & Jiménez, Daniel, 2023. "State-Dependent Exchange Rate Pass-Through," Working papers 106, Red Investigadores de Economía.
• Michael D. Bordo & John V. Duca, 2023. "Money Matters: Broad Divisia Money and the Recovery of Nominal GDP from the COVID-19 Recession," Working Papers 2306, Federal Reserve Bank of Dallas.
• Andrianady, Josué R. & Rajaonarison, Njakanasandratra R., 2023. "Monetary Inflation Relationship in Madagscar: a DSGE Model Analysis," MPRA Paper 117332, University Library of Munich, Germany.
• Huang, Yiping & Li, Xiang & Qiu, Han & Yu, Changhua, 2023. "BigTech credit and monetary policy transmission: Micro-level evidence from China," BOFIT Discussion Papers 2/2023, Bank of Finland Institute for Emerging Economies (BOFIT).
• policy, Work stream on macroprudential & Policy, Monetary & Stability, Financial & Albertazzi, Ugo & Martin, Alberto & Assouan, Emmanuelle & Tristani, Oreste & Galati, Gabriele & Vlassopoulos, Thomas , 2023. "The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area," Occasional Paper Series 272, European Central Bank.
• Petrevski, Goran, 2023. "Macroeconomic Effects of Inflation Targeting: A Survey of the Empirical Literature," EconStor Preprints 271122, ZBW - Leibniz Information Centre for Economics.
• Stefano Di Bucchianico & Antonino Lofaro, 2023. "The impact of monetary policy on functional income distribution: a panel SVAR analysis (1970-2019)," Department of Economics University of Siena 900, Department of Economics, University of Siena.
• Jesse Schreger & Pierre Yared & Emilio Zaratiegui, 2023. "Central Bank Credibility and Fiscal Responsibility," NBER Working Papers 31246, National Bureau of Economic Research, Inc.
• Ropele, Tiziano & Gorodnichenko, Yuriy & Coibion, Olivier, 2023. "Inflation Expectations and Misallocation of Resources: Evidence from Italy," IZA Discussion Papers 16106, Institute of Labor Economics (IZA).
• Whited, Toni M. & Wu, Yufeng & Xiao, Kairong, 2023. "Will Central Bank Digital Currency Disintermediate Banks?," IHS Working Paper Series 47, Institute for Advanced Studies.
• KAMKOUM, Arnaud Cedric, 2023. "The Federal Reserve’s Response to the Global Financial Crisis and Its Long-Term Impact: An Interrupted Time-Series Natural Experimental Analysis," MPRA Paper 117373, University Library of Munich, Germany.
• Kota Watanabe & Kyosuke Hari & Natsu Sawada & Hidemi Bessho, 2023. "Developments in and Characteristics of Japan's FX Market: An Analysis Based on the 2022 BIS Triennial Central Bank Survey," Bank of Japan Review Series 23-E-4, Bank of Japan.
• Ryan Banerjee & José-María Serena, 2021. "Dampening the financial accelerator? direct lenders and monetary policy," Working Papers 2201, Banco de España.
• Mohammed Ait Lahcen & Garth Baughman & Hugo van Buggenum, 2023. "Racial unemployment gaps and the disparate impact of the inflation tax," ECON - Working Papers 433, Department of Economics - University of Zurich.
• Mr. Etibar Jafarov & Enrico Minnella, 2023. "Too Low for Too Long: Could Extended Periods of Ultra Easy Monetary Policy Have Harmful Effects?," IMF Working Papers 2023/105, International Monetary Fund.
• Christopher D. Cotton, 2022. "To What Degree and through Which Channel Do Central Banks Other Than the Federal Reserve Cause Spillovers?," Working Papers 23-3, Federal Reserve Bank of Boston.
• Jonathan Hambur & Qazi Haque, 2023. "Can We Use High-Frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!," CAMA Working Papers 2023-26, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Antonia Lopez Villavicencio & Marc Pourroy, 2023. "Information Shocks in the U.S. and Asset Mispricing in Emerging Economies," EconomiX Working Papers 2023-19, University of Paris Nanterre, EconomiX.
• Jasmina Arifovic & Isabelle Salle & Hung Truong, 2023. "History-Dependent Monetary Regimes: A Lab Experiment and a Henk Model," Tinbergen Institute Discussion Papers 23-028/VI, Tinbergen Institute.
• Jannik Hensel & Giacomo Mangiante & Luca Moretti, 2023. "Carbon pricing and inflation expectations: evidence from France," ECON - Working Papers 434, Department of Economics - University of Zurich.
• Moustapha Aman & Nikolay Nenovsky, 2022. "Monetary stability and regional currency board: towards a two-tier system to accelerate regional integration in the Horn of Africa: a policy proposal," Working Papers hal-04084421, HAL.
• Barkhausen, David & Teupe, Sebastian, 2023. "The German inflation trauma: Weimar's policy lessons between persistence and reconstruction," Working Papers 40, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
• Mr. Yan Carriere-Swallow & Melih Firat & Davide Furceri & Daniel Jimenez, 2023. "State-Dependent Exchange Rate Pass-Through," IMF Working Papers 2023/086, International Monetary Fund.
• Luca Gagliardone & Mark Gertler, 2023. "Oil Prices, Monetary Policy and Inflation Surges," NBER Working Papers 31263, National Bureau of Economic Research, Inc.
• Takatoshi Sasaki & Hiroki Yamamoto & Jouchi Nakajima, 2023. "Nonlinear Input Cost Pass-through to Consumer Prices: A Threshold Approach," Bank of Japan Working Paper Series 23-E-9, Bank of Japan.
• Paola Boel & Christopher J. Waller, 2023. "On the Essentiality of Credit and Banking at Zero Interest Rates," Working Papers 23-13, Federal Reserve Bank of Cleveland.
• Thomas Gomez & Giulia Piccillo, 2023. "Does U.S. Monetary Policy Respond to Macroeconomic Uncertainty?," CESifo Working Paper Series 10407, CESifo.
• G.M. Gallo & D. Lacava & E. Otranto, 2023. "Volatility jumps and the classification of monetary policy announcements," Working Paper CRENoS 202306, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
• Agam Shah & Suvan Paturi & Sudheer Chava, 2023. "Trillion Dollar Words: A New Financial Dataset, Task & Market Analysis," Papers 2305.07972, arXiv.org.
• Jan Kakes & Jan Willem van den End, 2023. "Identifying financial fragmentation: do sovereign spreads in the EMU reflect differences in fundamentals?," Working Papers 778, DNB.
• Silvia Albrizio & Iván Kataryniuk & Luis Molina & Jan Schäfer, 2023. "ECB Euro Liquidity Lines," IMF Working Papers 2023/096, International Monetary Fund.
• Adrien Faudot & Tsvetelina Marinova & Nikolay Nenovsky, 2022. "Comecon Monetary Mechanisms. A history of socialist monetary integration (1949 -1991)," Working Papers hal-04084493, HAL.
• Carlos Casacuberta & Omar Licandro, 2023. "On the Pass-Through of Large Devaluations," Working Papers 1391, Barcelona School of Economics.
• Giampaolo Bonomi & Ali Uppal, 2023. "Kites and Quails: Monetary Policy and Communication with Strategic Financial Markets," Papers 2305.08958, arXiv.org, revised May 2024.
• Kärkkäinen, Samu & Silvo, Aino, 2023. "Household debt, liquidity constraints and the interest rate elasticity of private consumption," BoF Economics Review 2/2023, Bank of Finland.
• Reis, Ricardo & Tenreyro, Silvana, 2022. "Helicopter money: what is it and what does it do?," LSE Research Online Documents on Economics 114593, London School of Economics and Political Science, LSE Library.
• Irene Monasterolo, 2023. "How inflation varies across Spanish households," Occasional Papers 2307, Banco de España.
• Sarah Goldman & Shouyi Zhang, 2022. "Quantitative Easing, Households' Savings and Growth: A Luxembourgish Case Study," Post-Print hal-04080189, HAL.
• Simplice A. Asongu & Nicholas M. Odhiambo, 2023. "Female unemployment, mobile money innovations and doing business by females," Working Papers of the African Governance and Development Institute. 23/033, African Governance and Development Institute..
• Zaghini, Andrea, 2023. "Unconventional green," CFS Working Paper Series 710, Center for Financial Studies (CFS).
• Fix, Blair, 2022. "Inflation: Everywhere and Always Differential," EconStor Preprints 270942, ZBW - Leibniz Information Centre for Economics.
• Jookyung Ree, 2023. "Nigeria’s eNaira, One Year After," IMF Working Papers 2023/104, International Monetary Fund.
• Philipp Engler & Mr. Roberto Piazza & Galen Sher, 2023. "Spillovers to Emerging Markets from US Economic News and Monetary Policy," IMF Working Papers 2023/107, International Monetary Fund.
• Wändi Bruine de Bruin & Keshav Dogra & Sebastian Heise & Edward S. Knotek & Brent Meyer & Robert W. Rich & Raphael Schoenle & Giorgio Topa & Wilbert Van der Klaauw, 2023. "How Do Firms Adjust Prices in a High Inflation Environment?," Liberty Street Economics 20230602, Federal Reserve Bank of New York.
• John Bagley & Stefan Gissler & Ivan T. Ivanov, 2023. "Pushing Bonds Over the Edge: Monetary Policy and Municipal Bond Liquidity," Working Paper Series WP 2023-05, Federal Reserve Bank of Chicago.
• Gern, Klaus-Jürgen & Kooths, Stefan & Reents, Jan & Sonnenberg, Nils & Stolzenburg, Ulrich, 2023. "World Economy Spring 2023: Stubborn inflation, moderate growth," Kiel Institute Economic Outlook 99, Kiel Institute for the World Economy (IfW Kiel).
• BENIGNO, Pierpaolo & CANOFARI, Paola & DI BARTOLOMEO, Giovanni & MESSORI, Marcello, 2023. "The spectre of financial dominance in the eurozone," Working Papers 2023005, University of Antwerp, Faculty of Business and Economics.
• Chowdhury, Aftab & Dixon, Huw David, 2023. "Measuring inflation during the Pandemic with the benefit of hindsight," Cardiff Economics Working Papers E2023/17, Cardiff University, Cardiff Business School, Economics Section.
• Mr. Christoffer Koch & Diaa Noureldin, 2023. "How We Missed the Inflation Surge: An Anatomy of Post-2020 Inflation Forecast Errors," IMF Working Papers 2023/102, International Monetary Fund.
• Wissam Samia & Nada Mallah Boustani, 2022. "Towards a Single Currency in Natural Syria Region - A Conceptual Monetary Innovation: A Reflection," Post-Print hal-04081283, HAL.
• Ozge Akinci & Gianluca Benigno & Marco Del Negro & Ethan Nourbash & Albert Queraltó, 2023. "Financial Stability and Interest Rates," Liberty Street Economics 20230523, Federal Reserve Bank of New York.
• Valentin Haddad & Alan Moreira & Tyler Muir, 2023. "Whatever it Takes? The Impact of Conditional Policy Promises," NBER Working Papers 31259, National Bureau of Economic Research, Inc.
• Carola Binder & Pei Kuang & Li Tang, 2023. "Central Bank Communication and House Price Expectations," NBER Working Papers 31232, National Bureau of Economic Research, Inc.
• Mr. Francis Vitek, 2023. "Measuring the Stances of Monetary and Fiscal Policy," IMF Working Papers 2023/106, International Monetary Fund.
• Nikolaus Bartzsch & Marco Brandi & Lucas Devigne & Raymond de Pastor & Gianluca Maddaloni & Diana Posada Restrepo & Gabriele Sene, 2023. "Forecasting banknote circulation during the COVID-19 pandemic using structural time series models," Questioni di Economia e Finanza (Occasional Papers) 771, Bank of Italy, Economic Research and International Relations Area.
• Ablam Estel Apeti & Jean-Louis Combes & Alexandru Minea, 2023. "Inflation targeting and the composition of public expenditure: Evidence from developing countries," Post-Print hal-04072840, HAL.
• Kotz, Maximilian & Kuik, Friderike & Lis, Eliza & Nickel, Christiane, 2023. "The impact of global warming on inflation: averages, seasonality and extremes," Working Paper Series 2821, European Central Bank.
• Denbee, Edward & Julliard, Christian & Li, Ye & Yuan, Kathy, 2021. "Network risk and key players: a structural analysis of interbank liquidity," LSE Research Online Documents on Economics 106280, London School of Economics and Political Science, LSE Library.
• Mr. Anil Ari & Mr. Daniel Garcia-Macia & Shruti Mishra, 2023. "Has the Phillips Curve Become Steeper?," IMF Working Papers 2023/100, International Monetary Fund.
• Mr. Daniel Garcia-Macia, 2023. "The Effects of Inflation on Public Finances," IMF Working Papers 2023/093, International Monetary Fund.
• Tomás E. Caravello & Pedro Martinez-Bruera & Iván Werning, 2023. "Dollarization Dynamics," NBER Working Papers 31296, National Bureau of Economic Research, Inc.